A virtual data room (VDR) is an extremely secure platform that makes it easy to share documents securely with multiple users at the same time. VDRs can be used to collaborate securely with external parties or internal teams on documents, whether your company is involved in M&As due diligence, litigation or other projects.
The most commonly used use for VDR VDR is M&A due diligence. The process of merging with or purchasing another company involves sharing volumes of financial documents that are sensitive and intellectual property. VDRs can facilitate this process by providing a collaborative environment as well as detailed activity tracking and an audit log.
VDRs can also be used to analyse the level of interest in documents shared which can be useful during fundraising or M&A. This insight can be used to assist businesses customize their pitch decks and negotiations with potential investors and partners. VDRs for instance, can provide detailed information about the time buyers spent on particular documents. This information is useful to determine their level of engagement, as well as the information they find most valuable.
Choosing the best VDR involves examining a range of essential factors that include feature sets, cost, security features and user-friendliness. Many VDR providers offer free trials for customers to test their product prior to uploading their data.
Digify’s completely customizable interface and advanced branding options allow you to match your VDR experience to your brand’s identity. This includes customizable login pages, email layouts and white-labeled hyperlinks. We also allow you to create a customizable About page and define document labels.